Paragould, Arkansas: A Premier Destination for Commercial Real Estate

Introduction

Paragould, Arkansas, is emerging as a vibrant hub for commercial real estate (CRE) investments in the northeastern region of the state. With a population of approximately 28,000, this city is renowned for its robust economy, driven by manufacturing, agriculture, and retail sectors. Positioned strategically within the Arkansas Delta, Paragould offers a unique blend of small-town charm and economic opportunity, making it an attractive destination for CRE professionals.

Economic and Industry Overview

Paragould's economy is diverse, with significant contributions from manufacturing, healthcare, and agriculture. Major industry clusters include:

• Manufacturing: Home to a variety of manufacturing facilities, Paragould’s industrial sector supports demand for industrial and flex properties.
• Healthcare: Facilities like Arkansas Methodist Medical Center drive demand for medical offices and ancillary services.
• Retail and Agriculture: The presence of retail chains and agricultural activities supports the need for retail spaces and distribution centers.

Regional economic development is championed by organizations like the Paragould Regional Chamber of Commerce, which fosters growth and innovation.

Strategic Location and Transportation Infrastructure

Paragould is advantageously positioned with access to key transportation networks:

• Highways: U.S. Route 49 and U.S. Route 412 provide critical north-south and east-west corridors.
• Rail Lines: Served by the Burlington Northern Santa Fe Railway, offering vital freight connections.
• Airports: Proximity to the Jonesboro Municipal Airport and Memphis International Airport enhances accessibility for business travel and logistics.

This infrastructure supports efficient distribution, making Paragould a logistical advantage for businesses seeking a strategic location in the Mid-South.

Commercial Real Estate Inventory & Zoning

Paragould’s CRE market is categorized into several submarkets:

• Central Business District (CBD): A focal point for office spaces and retail establishments.
• Industrial Corridors: Concentrated along major highways, these areas support manufacturing and warehousing.
• Retail Hubs: Located around key intersections and shopping centers.

Recent zoning changes and incentives are detailed in the City of Paragould Zoning Map and provide opportunities for developers to capitalize on emerging markets.

Major Employers and Institutions

Key drivers of CRE demand in Paragould include:

• Tenneco Automotive: A major manufacturing employer.
• Arkansas Methodist Medical Center: A significant healthcare provider.
• Paragould School District: Influences residential and commercial development.

For more information on local businesses, visit the Greene County Business Directory.

Notable Commercial Developments & Projects

Paragould is witnessing several noteworthy developments:

• Mixed-Use Developments: Projects combining residential, commercial, and retail spaces.
• Public-Private Partnerships: Initiatives supporting infrastructure and community enhancements.

For detailed plans, refer to the Paragould Planning Department.

Building Permits, Planning, and Development Tools

To facilitate development, access the following resources:

• City of Paragould Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Leverage public data sets for insights into Paragould’s CRE landscape:

• U.S. Census Bureau
• City's Open Data Portal
• Economic Impact Reports

Explore Brevitas-powered dashboards for AI-aggregated market data and insights.

Why Use Brevitas for Paragould, Arkansas CRE?

Brevitas offers a cutting-edge platform for CRE discovery in Paragould, featuring:

• AI-Driven Insights: Real-time market alerts and smart property pages.
• Exclusive Listings: Premium exposure for properties.
• Collaboration Tools: Dealroom collaboration and integration with brokers and developers.

Harness these features to maximize your CRE investments in Paragould, Arkansas.